The global commercial vehicle sensor market is estimated to reach $6.76 billion by 2020 at a CAGR of 6.7% through the forecast period. Asia will remain 66% of global truck production. And Sales volume of Asian commercial vehicles is estimated to register a CAGR of 6.4% in 2014-2018. Raising concerns in air quality issue, information technologies applications, preferential policies for manufacturing industry upgrading are indicating a new wave of revolution in commercial vehicle industry. Facing great market demand from fast development of logistics and challenges from emission standards, how to grasp new growth opportunities, how to apply Internet-based digital technologies in business have become essential for survival in interconnected competition.
At the Asia Pacific Commercial Vehicle Summit 2016, government officials from main Asian countries and speakers from notable industry association and organizations, alongside internationally leading companies, will share with attendees their invaluable experiences and opinions on Asian commercial vehicle industry. This summit will focus on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. Participants will gain better understanding of Asian market, thereby optimizing development strategies in Asian countries through such an effective platform.